Iran has laid out its own terms for ending the Middle East war, rejecting a US-led peace plan that was rejected by President Donald Trump on March 24. The proposal, delivered via Pakistan, includes sanctions relief, limits on Iran’s missile programme and nuclear activities, international monitoring, and guarantees for shipping access through the Strait of Hormuz. Despite efforts to stabilise the region, ongoing airstrikes and missile exchanges have indicated that a lasting ceasefire remains uncertain. The economic fallout has been immediate, with oil markets swinging sharply on each headline and global equities and risk assets, including cryptocurrencies, reacting to shifting expectations. However, both equities, and digital assets remain linked to Iran's stance as a key driver of short-term direction.